by Moe Bedard
WASHINGTON, D.C. (April 15, 2008) – Robert E. Story, Jr., CMB, Vice Chairman of the Mortgage Bankers Association (MBA) and President of Seattle Financial Group of Seattle, WA testified today before the House Financial Services Subcommitee on Capital Markets, Insurance and Government Sponsored Enterprises. In his testimony, Mr. Story discussed H.R. 5579, The Emergency Loan [...]
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by Moe Bedard
By Moe
George Miller, executive director of the American Securitization Forum made the above comment in an interview earlier this month along with this comment in regards to a mass loan modification approach, ““It is really an indiscriminate procedure that would violate the terms of the contract that provide for loan-by-loan decision making.”
First of all, I understand contracts [...]
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